What can be done, short term?
plus, the FOMC, and crypto markets
“We have no future because our present is too volatile. ... We have only risk management.” – William Gibson ||
Hello everyone, I hope you’re all doing well! What a week… I feel like it’s time to find some grass to touch.
Below, I touch on yesterday’s FOMC statement and press conference, there were some intriguing takeaways. I also go deeper on the crypto market’s reaction to the election and the resulting outlook. And although I hate to be a downer, I look at where election-related crypto expectations could be getting ahead of themselves.
IN THIS NEWSLETTER:
No election comment from the Fed
Crypto gets busy
What can be done, short term?
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WHAT I’M WATCHING:
No election comment from the Fed
Unusually, yesterday’s FOMC rate cut barely registered with markets – a more common pattern is a blip (usually downward) on the statement release followed by some notable swings once the press conference is under way. We got none of that.
(US 10-year yield chart via TradingView)
Maybe traders have other things on their mind?
Jokes aside, the press conference did drop some interesting gems:
